The real estate market is changing.
Ah, the 1031 exchange—perhaps the most money-savvy way to defer capital gains taxes while building your long-term wealth.
Guaranteed Rent has changed the rental market for landlords, residents, investors, and property management companies alike. It's given property owners a way to maximize their rental income without doing all the heavy lifting.
Rent prices aren't set in stone—they ebb and flow throughout the year. Industries like retail, sports, and travel do the same thing. That's why you can book a beachside cottage in December for less than half of what you pay in July. It's also why you can buy super-discounted skis and snowboards in the summer.
Owning a single investment property is a great start to obtaining financial freedom. However, it's just that—a start. You'll need to acquire a second, third, fourth, and beyond properties to turn your part-time hustle into a full-time income.
Inflation likely comes to your mind every now and then. You probably think about it whenever you get a raise (or ask for one), do your budgeting, or decide where to invest your money.
On May 3, Denver passed a new bill requiring landlords to have a license to rent out their properties. Short-term rental property owners already faced a similar law in Denver, but now this new law expands to cover all landlords in the city.
The short-term rental space has exploded in recent years. And it’s not surprising given the stories of how much some short-term rentals can earn. While short-term rentals are certainly great for some people, they are not for everyone.
